Predict your next investment

Venture Capital
gc.fund

See what CB Insights has to offer

Investments

7

Funds

2

About CcHub Growth Capital

CcHub Growth Capital is a social innovation fund aimed at creating an unprecedented path to scale for outliers driving social change in Nigeria. The fund supports high potential, early stage businesses using technology to connect public services to more citizens whilst making them smarter.

CcHub Growth Capital Headquarter Location

294 Herbert Macaulay Way Sabo Yaba

Lagos,

Nigeria

+234 (01) 2934177

Predict your next investment

The CB Insights tech market intelligence platform analyzes millions of data points on venture capital, startups, patents , partnerships and news mentions to help you see tomorrow's opportunities, today.

Latest CcHub Growth Capital News

CcHUB Growth Capital has put money in 4 startups so far, more to come

Oct 31, 2018

1 min ago The Co-Creation Hub (CcHUB) Growth Capital (GC) Fund has invested in four startups, with two others at the final stage before investment, CcHUB founder and CEO, Bosun Tijani confirms. And by the time the fund exhausts what’s currently in its purse, it should have invested in up to eight startups. Tijani says the mandate of the fund is to invest in Nigerian startups solving local infrastructural problems. Apparently, GC couldn’t invest in the first company it wanted to put money in because it’s an American company — registered in the US. Bosun Tijani, CcHUB CEO The reason why the fund is based locally is to ensure that there’s an incentive for the government to facilitate the growth of the startup scene. Tijani believes the fund would be of great impact to startups that can’t raise money in America. Advertisement According to Tijani, the GC fund contributed $75,000 of the $200,000 raised by LifeBank. The deal happened in December 2017 but was announced in January 2018. In March 2018, Riby — a platform that automates cooperatives — got $100,000 from the GC fund. The most recent deals by the fund include $150,000 in Delivery Science and $60,000 in Edves in September and October, respectively. Delivery Science is an enterprise software as a service provider while Edves provides school management solution. Less than two weeks ago, the investment metre on the fund’s website indicated a ₦57.6 million withdrawal, leaving it with a balance of ₦105.4 in its coffers. Our best guess is that this recent deduction was intended to facilitate investment in Elves and one or two of the investees at the final stage of their investment deal. While the GC Fund had an initial target of ₦1 billion, it now has its eyes on $20 million (about ₦7.27 billion) for its next round of investments. In response to why the fund didn’t meet its initial target, Tijani affirms that there has to be proof that the previous investment is being put to use. “You really can’t go to the market without showing what you have already done.” With the new $20 million investment target, Tijani hints at the likelihood of increasing the ticket sizes of single investments. Already, two of the investments made by the GC fund this year are individually higher than the original ₦30 million ticket bracket — Riby got ₦36 million while Delivery Science got ₦54 million. The good news for Nigerian startups is that with the new $20 million target, the fund can co-invest up to $500,000 in startups. Nigerian startups raised $35.5 million in Q3 2018, 52% less than in Q2. Find out more in the Nigerian Startup Funding report. Download . On the 26th of January, 2019, over 5000 startup founders, investors and other industry stakeholders will convene at Techpoint Build West Africa. Register now to be a part of the movement.

CcHub Growth Capital Investments

7 Investments

CcHub Growth Capital has made 7 investments. Their latest investment was in Shuttlers as part of their Seed VC on November 11, 2021.

CBI Logo

CcHub Growth Capital Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

11/16/2021

Seed VC

Shuttlers

$1.6M

Yes

1

11/9/2021

Seed VC

Subscribe to see more

$99M

Subscribe to see more

10

10/11/2021

Seed VC

Subscribe to see more

$99M

Subscribe to see more

10

6/28/2019

Seed VC

Subscribe to see more

$99M

Subscribe to see more

10

11/5/2018

Seed VC

Subscribe to see more

$99M

Subscribe to see more

10

Date

11/16/2021

11/9/2021

10/11/2021

6/28/2019

11/5/2018

Round

Seed VC

Seed VC

Seed VC

Seed VC

Seed VC

Company

Shuttlers

Subscribe to see more

Subscribe to see more

Subscribe to see more

Subscribe to see more

Amount

$1.6M

$99M

$99M

$99M

$99M

New?

Yes

Subscribe to see more

Subscribe to see more

Subscribe to see more

Subscribe to see more

Co-Investors

Sources

1

10

10

10

10

CcHub Growth Capital Fund History

2 Fund Histories

CcHub Growth Capital has 2 funds, including Growth Capital Fund.

Closing Date

Fund

Fund Type

Status

Amount

Sources

10/21/2018

Growth Capital Fund

$1M

1

Growth Capital Fund II

Subscribe to see more

$99M

10

Closing Date

10/21/2018

Fund

Growth Capital Fund

Growth Capital Fund II

Fund Type

Subscribe to see more

Status

Amount

$1M

$99M

Sources

1

10

CB Insights uses Cookies

CBI websites generally use certain cookies to enable better interactions with our sites and services. Use of these cookies, which may be stored on your device, permits us to improve and customize your experience. You can read more about your cookie choices at our privacy policy here. By continuing to use this site you are consenting to these choices.